Ron Johnson: “Now we're spending 7 [trillion dollars].”

“So they went down back to lower than Pre war levels, 11.4%. That didn't happen during the pandemic. We started out in 2019 spending $4.4 trillion. Massive unit party deficit spending in 2020 $6.5 trillion. Now we're spending 7 [trillion dollars]. We never looked back. We went from average deficits about $800 billion prior to Covid to now pretty well in grain 1.9. And over the next 10 years, we're projected to have $26.4 trillion of total deficit.” (08:08–08:10)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.